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pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic advisers. that report claims that if republican lawmakers don't accept the president's fiscal proposals they would be responsible for destroying christmas for the nation's retail sector. the national retail federation is forecasting that holiday sales will grow. if congress does not act on the president's plan to exten
. dagen: im dagen mcdowell. warren buffett lays into grover norquist. he is here to respond. connell: $250,000. is there any chance that number will go off? dagen: a company ordering workers to get flu shots or lose their job. connell: the rush to get the gifts for the holidays. it is cyber monday. dagen: just remember connell mcshane, you are getting nothing from me. talking about wider markets. nicole: some of the traders, do not forget, last week we were gaining 3.3% on the dow jones industrials. right at that 1400 mark. hitting some key resistant levels. likely to see a little bit of a pullback. the trend is still to the upside. as far as the major market average, you are seeing the dow and s&p down a half of a percent each. i want to take a look at abercrombie and fitch. , that insiders, they talk about the fact that abercrombie was the clear winner of the weekend stops. connell: grover norquist. here is what he said this morning. >> supposed an investor that you admire and trust comes to you saying this is a good idea i think you should think about it. it all depends on what my tax r
of the fiscal cliff deal and? we chambliss has argued grover norquist has no plan to pay down the that. >> i will violate the pledge for the good of the country only if democrats and do entitlement reform really pledge to avoid the grief. melissa: but grover norquist fired back today. >> for the last 20 years they have kept the pledge and however that and the tax issue are very, very powerful. >> they will keep it again? >> so does it still hold weight to? lou dobbs is year. >> he says it is very, very powerful and at that he did not say it was powerfully relevant. it seems the republican party should pay attention. the sunday talk show host the content and guest does not materialize. it is an agenda for those talk-show host to pursue the attack is laughable because it is the add-on of organizing four obama. this is silly and grover norquist is engaging and they play their parts in their farce. the choice that has to be made in our current political system, the choice is the politicians will be honest to acknowledge the government cannot continue to grow, it cannot maintain its current size
jersey congressman bill pascrell will be joining us, grover norquist, jamie rubin, dr. hanan ashrawi, will be our guest, peter billingsley from a christmas story, and grinle college hoops star jack taylor. remember him? big game he had the other day. and the one and only tony bennett, monday, november 26th. welcome, everybody, "starting point" this morning. is that a hint of compromise in the air on capitol hill? 35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is tha
stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator jo
to the grover norquist-created pledge not to raise taxes. but current economic reality is setting in and conservatives are starting to stray with conditions. here is south carolina senator lindsey graham. >> ly violate the pledge, long story short for the good of the country only if democrats will do entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york times" today renewing his stire to see taxes go up on people like him and him himself. in the op-ed he says people who make between a million and $10 million should see their taxable rate go up to 30% and those who make more than $10 million should be taxed at 35%. we'll be back after the break. see you on the other side. as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >>
on your facebook page. and grover norquist, says the republican will not cave on the fiscal cliff and that the g.o.p. will not agree to higher tax rate. i disagree with that. grover coming up after the break. so, too, is the opening bell. next, is this what republicans are up against? >> we cannot afford to extend the bush tax cuts for the wealthy. what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% init's tiny.aring device. but lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without battery changes. incredibly easy to live with, lyric can be worn showering, sleeping and exercising. in fact, you might forget it's there at all. call for a risk--free trial. and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimo
trackses they increased spending. neil: americans for tax reform president grover norquist had almost like a widt wizard of oze grip on republicans for years. you can't even entertain hiking taxes would -- without guaranteeing further cuts down the road, republicans by and large have stuck to that but now post this election, we've seen a half dozen prominent republican senator saying that this no tax hike pledge may not be useful any more, you see just some who share that view. grover is no longer oz. just a cranky guy behind a curtain, pulling the crank, a wizard of oz reference, i thought it was the good, many here did not. mark meckler said they will make a mistake with that julie disagrees, julie, what do you see at risk here? >> you know pledges are what you make when but to church you pledge yourruth to husband or wife, not something you make in politics, you do not know what is going to happen down the road, people like peter king who made a pledge 25 years ago. times have changed. have you two wars that are not funded. have you a medicare prescription drug plan that a lot of these
of this whole debate is a man named grover norquist. did you sign the grover pledge? >> no, i did not. i was a governor for ten years. i've got a long track record of not only holding the line on taxes but reducing taxes. and i believe that we have too much -- at the national level, too much taxation, too much regulation but, no, i did not sign the pledge. >> let me ask you about the idea that revenues are on the table as the speaker has said. i'm curious what that really means. does that signal a willingness on the part of the gop to see some people's taxes go up, or does it mean that the revenue increases will derive from economic growth and -- >> speaker boehner and republicans are reaching out to the administration. speaker boehner has said we'll put revenue on the table, not through higher tax rates but through closing loopholes and limiting deductions. that accomplishes exactly what the administration has demanded. >> but that means somebody's taxes will go up. >> sure. >> if you close loopholes an deductions. >> we'll make sure rates don't go up so you don't impact small businesse
's preference to grover norquist and doesn't want any taxes of any kind and republicans are very clear, they say raise tax revenue and would have to come through limits on deductions, not higher tax rates. however, on the other side of the aisle there's no movement from the democrats, carl levin says, yeah, raise tax rates on the rich. >> they have to go up either real tax rates or effective tax rates, there's ways of at that doing. secondly though we've got to close significant loopholes. >> movement on the republican side, not from the democrats. there are no meetings scheduled for talks for the congressional leaders, and they'll hit the road and sell tax on over a quarter million dollars. maybe he should bring warren buffett along, buffett says he's in favor of raising the tax rate on people making more than $500,000 a year. congress may have less time to figure this all out than we thought. the new rules go into effect january 1st, but we believe that christmas eve may be the real deadline because of course, of the holiday. that's the deadline. very close. high unemployment, slow economic gr
. >> if grover norquist on the right and entrenched radical democrats, are they forcing deals like this? ralcorp -- >> no. you know what they are forcing? special dividends. >> yes, they are. >> declaring special dividends ahead of possible tax increases related to the fiscal cliff. las vegas sands, the largest single donor in the history of politics, has approved a special dividend. $2.75 a share. retailer dillard's says it will pay a one-time dividend of $5 in december and the home of jack daniels a cash dividend of $4 a share. i don't know how large the dillard family is. these dividends are very important to some of these families. the walton family when walmart did it saved $180 million as a result if in fact we see dividend taxes go to 39.6 from where they currently are. family run companies. sheldon is a big shareholder in las vegas sands. you pay a dividend and you are avoiding potentially an increase in the tax bill as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to.
waste. neil: you know closing loopholes and that. grover moriest said that is a -- norquist said that is a tax hike, he is so over. neil: why is he over? >> it is not his job to do that. neil: a lot of people rip this guy a new one. >> it makes us -- >> he is just holding politicians account able, if you are closing loopholes. cut somewhere else, what makes that an out landish view. >> is it sounds strange for us to have a an ar kayicic -- a pl. neil: they go off the reservation and get wacky >> it does not sound right, we need a new approach to this thank y grover for your time but people need individual responsibility. neil: you think it is now that politically correct thing to do to cut -- >> not cave but we do need to cut across the board. neil: do you agree. >> no, not, it is every american's job to holder politician responsibility up there only time we balanced budget in last 17 years is when we had more revenues durings.com boom, it was not because of the cutting spend, we have not been cutting spending, we have washington run amuck, and i don't care if it is grover or me
technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit those in the upper income, and that we're willing to look at those, and to make sure that what we do does bring in more revenue by robust economy. >> and it wouldn't be a violation of a sort of a marriage vow to grover norquist. he has said that violating his pledge is somehow akin to, you know, violating your marriage vows. you don't -- your deal is with your constituents, not with grover norquist? >> that's right. that's exactly right. >> i want to talk a little bit about the debt ceiling because this is coming into play here. grover norquist, again, has written an op-ed mentioning the debt ceiling specifically. a new report for the bipartisan policy center said the ceiling mus
entitlements, to avoid a debt crisis. gei: something else, criticizing grover norquist for his note tax edge. this would point to a fracturing of the republican party in terms of its support for not raising taxes. what do you make of this? does this come as news to you, will this change the face of the republican party? >> points to the fact there's so much pressure here on republicans. the media putting pressure on republicans, completely misplaced. we have a spending problem. no one is focusing on cutting spending. that will continue until john boehner or somebody else says we're not talking about tax increases so we start talking about cutting spending. gerri: obamacare is an expensive entitlement that is brand new and john boehner, speaker of the house, wrote this, we can't afford it. we can't afford to leave it intact. the law has to stay on the table as both parties discuss ways to solve the nation's massive debt challenge. it haseen put on the table is yet another king, something republicans want on the table. we need to do something about obamacare if we are going to make any move on
that they are not obligated to this anti-tax pledge they all signed by grover norquist. does that suggest we're closer to compromise? >> we're closer but it may only be measured with a mike kromtcrometer. the big deal, how do you get it? the president said he doesn't see a way to get it without raising those tax rates on the most healthy. republicans, even those inches towards compromise saying yes, for revenue, but don't want to see rates go up at all. then it gets into a counting question. how much money can you get through fixing the tax code? once you tinker with the tax code you invite swarms of lobbyists and a timing question. can you raise enough revenue through tweaking the tax code by the end of the year to get something done or do you have to do a shoert deal and the harder work of tax reform later? there's entitlements major mentioned. >> also momentum and having the results of an election. do you feel that there is a difference this time so that maybe they can push it over the hill? >> certainly in talking to white house officials, they say, you know elections have a
the weekend we heard republican senators, as you alluded to, larry, breaking the so-called grover norquist pledge against raising taxes and white house press secretary jay carney reacted positively. >> some of the comments you mentioned are welcome, and they represent what we hope is a difference in tone and approach to these problems and a recognition that a balanced approach to deficit reduction is the right approach. it's the one that's most beneficial for our economy. >> reporter: larry, what i would say is tax increases does not necessarily, despite the rhetoric on both sides, and especially from democrats, does not necessarily have to mean increases in tax rates. it is possible, if you look at the estate tax, if you look at the treatment of dividends, capital gains and carried interest and take a look at loopholes and deductions to raise a significant amount of revenue from people at the top without changing the marginal rate, layery. >> very interesting. we're going to have senator tom coburn on that very subject later in the show. many thanks to john harwood coming from washington,
mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth. democrats say the middle class could be spared from a tax increase now. >> however as we continue to negotiate a responsible path forward i remind everyone within the sound of my voice of one fact. this congress is where one vote away from avoiding the fiscal cliff for middle class families and small businesses. >> republicans point to a study done by the winston group which is a republic research firm whic
, either. wrote it himself. on the other hand, there's college classmate grover norquist, the anti-tax crusader who came out swinging this weekend reminding republicans who signed the no new tax pledge to not discuss impure thoughts if they talk about taxes on national television. i know pornography when i see it. norquist made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who now balks, is someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledged to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakehurst. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but macy's and costco, vf, coach and ralph lauren were tagged with huge los
entitlements, and republican congressman steve lottaret who is willing to break from grover norquist's tax pledge. he's also retiring at the end of this term. gentlemen, good to have both of you with us. mr. welch, i'll begin with you. i'm sure you've noticed, hopefully you've been watching cnbc and see all these pins that we are wearing that say "rise above" calling for you and your colleagues there to get something done on the fiscal cliff. why are you so unwilling to be able to do that? >> well, i am willing to do it. in fact, i work with steve, who you're going to hear from shortly, to advocate for a balanced deal. the real challenge here is practical. do we want to have a bad deal that beats the january 1 deadline, or are we willing to hold out for a more balanced deal, even if that requires us to go into january? >> does that include entitlements? does that mean reforming entitlemen entitlements, particularly medicare? >> absolutely. we have to have health care costs come under control. we can reform them. those of us who are strong supporters of medicare have to be advocates for sys
. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in the room with democrats, pretending to negotiate tax increases for entitlement reform . after a while coburn had to admit they were offered nothing but tax increases. the president's budget is tax increases and president's negotiation is nothing but tax increases. >> gretchen: republicans need to hire good pr firms to get the message out. you will not go for tax increases unless the democrats go for cuts. >> brian: the president may not have control of his caucus. secret police files using as confetti in the macy's thanksgiving pallad. we will show share how it happened. >> steve: want to see where our economy is going. look back to 1937 and franklin roosevelt and stewart var
, i'd rather leave the money in my savings account earning a quarter of 1%. only a grover norquist imagination does such a response exist. foos what he thinks should be done in washington, he says he supports president obama's proposal to eliminate the bush tax cuts for high income taxpayers. however, he says he prefers a cut off points somewhere above $250,000, maybe 500 thud or so. additionally, he says we need congress right new to enact a minimum tax on high incomes. buffett is suggests 20% between $1 million and $10 million and 30% on amounts above that and that's something he had laid out before. the real definition of the buffett rule. >> i always thought he was uncomfortable about the way the buffett rule was constructed and felt uncomfortable about saying something about it. because remember, he never really spoke openly about it, he would intimate that 250 might not be his number. >> the buffett rule is 30%. >> but then he's also talking about the 500. >> but that's not the buffett rule. but if you're doing tax reform, then you're not going up anyway. >> i think the main
the sellers think that. >> what does jim cramer think? >> if grover norquist wins, we go over the cliff. remember, there are a lot of democrats surfacing in this patty murray mode. we need to get taxes up. let's go over the cliff. then we have norquist and as far as i can tell norquist has not lost his hold on the party. that's a "the washington post" fantasy. >> norquist is unelected guy named grover. it's what he can deliver with the voters that scares these guys. who is worse? eagles or the jets? >> i was at the eagles last night. this is a very hard call. when you have three offsides calls right in a row when the game is in doubt, i got to tell you, this is an amazingly difficult question to answer. i got to punt on this one. it's so hard. hail to the chiefs. thank goodness chiefs are there to make everyone look good. >> i didn't see the jets game. i did look on youtube. that's really a bad metaphor. running into your own guy and falling back in for a touchdown. that sort of sums it up, doesn't? >> eagles went on vacation very early on in the season. so far the vacation has been jus
grover norquist and a bleng pledge. i don't believe that is a driving force for house republicans. they don't think it's good in the economy to race taxes on those who create jobs. >> president obama said that in 2010 right after the mid term beating the busheir raw tax cuts were set to expire and he extended them. a financial expert taking on the president's plan and what it may do for this country. >> it is uncertainty in the short term. a worse scenario long-term than going over the cliff would be continuing on this path more spending more redistribution. it has to be fixed. kicking the can down the road as the saying goes. i think even if we got a resolution which didn't suit the republicans for example you would probably see some up tick in the economy. what we are seeing now is economic leaththargy. how can they look 30 years down the line when our own government can't even look a couple weeks. >> republicans say there needs to be structural reform to the entitlements. nance is he pelosi is saying what does that mean? >> move the age down. >> perhaps. but they haven't really
pick up on that because we've seen a few republicans peeling off from a pledge they signed to grover norquist who, of course, is an anti-tax lobbyist works has been very powerful among conservatives. is that a significant move when you start seeing senators like lindsey grak, sacxby chambliss saying i'm not going to stick to the deal. >> reporter: i'll be waiting to see if house republicans do it. all the areas where republicans are softening. it's senate republicans. if the deal could be cut between senate republicans and the white house, we wouldn't be talking about this, wouldn't have a segment because the fiscal cliff wouldn't be an issue. the house republicans have to worry about primaries and that's the problem for the white house and frankly for house speaker john boehner. he may want to cut a deal but may not have the votes because these guys might be on a primary suicide mission, some of these house republicans, if they side with raising tax rates. if they raise taxes they will lose the primary and there's no general election, they don't have to where he about voters. >> are
Search Results 0 to 28 of about 29 (some duplicates have been removed)